“The emphasis on innovation, MSMEs’ empowerment, and bolstering India’s digital economy in the Union Budget is a positive move. Businesses will be able to scale effectively thanks to the ₹500 crore allotted to deep tech and AI research, which will be crucial in advancing AI-led breakthroughs and data-driven solutions. The creation of a Deep Tech Fund and the ₹20,000 crore investment in innovation will be crucial in hastening the uptake of next-generation industrial technology.
Additionally, a strong, efficient, and high-quality raw material supply chain will be strengthened by the five-year Mission for Cotton Productivity. Initiatives for the circular economy and incentives for sustainable production support the growing trend toward ethical fashion. In addition to creating job opportunities, the substantial expansion of loan availability with guarantee protection for startups will be essential assistance for new enterprises. India’s transition to a worldwide center for innovation and conscientious consumerism will be accelerated by a progressive policy environment that encourages startups.
